Latest News
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33Banking & FinanceNo New Tax, Just Compliance –FIRS Explains 10% Levy on Treasury Bills
This clarification follows public reactions to a recent directive instructing banks, stockbrokers, and other financial institutions to deduct 10 per cent withholding...
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86Industry & MoneyManufacturers Record Fragile Growth as Credit Drops ₦7.72tr
Manufacturers Association of Nigeria has stated that credit to the manufacturing sector decreased by 9.5 per cent to N7.72tn as of March...
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74MartimeNEXIM Bank Identifies South-South as New Hub for Export Diversification
The Nigerian Export-Import Bank (NEXIM Bank) has identified the South-South region as the emerging strategic hub for export diversification. It said the...
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73Local NewsNational Assembly Approves $2.347b External Borrowing Plan
The National Assembly yesterday approved President Bola Tinubu’s request to implement the new external borrowing plan contained in the 2025 Appropriation Act....
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174Industry & MoneyIndustrial Disputes Dragged Production Down by 0.3 Point in Q3 –MAN
The Manufacturers Association of Nigeria (MAN) says the current production condition declined marginally by 0.3 point in the third quarter. The association...
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98Stock MarketStock Market on a Downward Spiral as ASI Down 0.7%
EQUITIES The bears continued to dominate the local bourse, with the NGX ASI closing lower for the third consecutive trading session. Today’s...
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146Foreign NewsStocks Rise on AI Sentiment, Fed Rate-Cut Bets
Stocks advanced on optimism that artificial intelligence will continue to drive profits at megacap technology companies reporting earnings this week, and growing...
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109Banking & FinanceCBN Dismisses Reports of FX Abuse in Oil Sector
The Central Bank of Nigeria (CBN) has dismissed recent media reports suggesting the misapplication of foreign exchange (forex) in the oil and...
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114Local NewsBudgIT: States Cut Foreign Debt by $200m Amid Fiscal Discipline
States across the country have trimmed their foreign debt stock by more than $200 million in the 2024 fiscal year, according to...
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123Business NewsAhead of 2028 Licence Expiration, FG Mulls Recapitalisation of Discos to Boost Liquidity, Investments
As the licences of the electricity distribution companies in Nigeria (Discos) expire in 2028, the federal government is considering the introduction of...
